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August 10, 2018UK GDP Q2 2018 (FIRST ESTIMATE) The Office for National Statistics' second estimate of UK Gross Domestic Product for Q2 2018 reports an acceleration to a seasonally adjusted annualized rate of 1.5 per cent. UK GDP growth accelerated from 0.9 per cent in the first quarter, with services and construction sectors contributing to growth. Declining manufacturing output continues to be a drag on UK economic growth. Household spending increased in the second quarter as did business investment, though the trade deficit widened.
The Office for National Statistics notes that the UK economy's underlying trend shows slowing output growth in real terms since 2014.
Office for National Statistics